Nerrrrrrrrddd lol 🤓🤓🤓🤓🤓🤓

Does non resident Canadians has to report foreign inherited assets to CRA (although they are citizens but living abroad permanently). Also do we need to pay tax to canada when we sell these foreign properties while being as non resident ?

I came to canada in 2020 as an international student. I had a inherited property worth more than 100k under my name . I hired a CPA and told her about rental income from this property generated for specific year and also reported the salary I earned in India before coming to canada. She did not made me file T1135 neither she discussed anything about this form. I sold that property in year April 2023 and became a Canadian PR in April 2023. I filed the taxes on capital gain in India and now she is saying that you need to file the taxes here which I agreed but on the other had. She did not specified the foreign property in year 2020 by not filing the form T1135 and now she wanted me to do so . I am looking for an advise in my case what should I do now because my CPA misguided me and misrepresented me in 2020 when I first reported her that I do have a foreign property .

Doesn't help anyone looking to learn about how to use the quick method - no link provided

Amazing how few views these videos get.

🙏 "Promo sm"

So you can pay taxes to the foreign property you own to that country but for some dumb reason Canada needs to know for taxe purposes it dosent make sense why and are they going to try and tax you on it.

Hi! What about if property was done inherited?

How about foreign life insurance of a permanent resident with insurance coverage worth more than $100k (not yet claimed, still alive), with cash value less than $100k, should this be reported on tax return and is there tax obligation? Life Insurance policy is flexible whole of life, unit-linked protection policy. Thank you

Hi, so if foreign land property is worth more than $100k but not generating income, will still need to be reported on tax return though there will be no tax obligation imposed on it? How to determine the value of foreign land that is not income generating for purpose of reporting to cra? For CA permanent resident. Thank you

【ｐｒｏｍｏｓｍ】 😒

Hi, after immigration, I had to return to Pakistan and earned employment income on which tax was deducted by my employer. My Canadian tax preparer mentioned the foreign income but did not claim any credit for tax paid in Pakistan. I think there is an Avoidance of Double Taxation Treaty in effect between Pakistan and Canada. But my tax preparer seems unaware of this, and I could not find out how to claim credit of tax already paid on Pakistan generated income. What is your advice?

ᑭᖇOᗰOᔕᗰ

What of foreign income

What interest & penalties are there for CRA when THEY steal, harass, discriminate, fraud & evade on my taxes that they made mistakes on 10 years ago and refuse to fix? They demanded that I fill out a t2125 at which point they neglected to include the WITB & OTB which would have left me not owing anything, however they didn't include them and tried to claim that I owed over $3000 at which point they just took the money from my tax returns from 2014-2019 and now that I have discovered what "mistake" they made in the first place, they are doing everything they can to avoid paying me back my taxes that they stole from me.... I am now going through the process of filing court dates & taking them to court... even by myself now that I have identified the errors...

what do mean i can take only 40 k out

Would you be able to do a video on foreign corporation double taxation? Thank you.

Hi @SRJ Chartered Accountants , great video. Question for you, I just started out in the trucking industry. I am a company driver right now. Maybe down the road maybe this year I will lease my own truck but for the time being I am just a company driver. I just got a business number account as a sole proprietor and got myself a GST #. When I go and lease truck down the road would it be best to transfer the business in the Ltd company (Corporate) at that time , as you said in the video?

How would they even know?

Good info but stop switching camera angle. It's making me dizzy

so basically the quick method was a means of intentionally bloating tax regulations to benefit a consulting industry?

You are full of shit, after all expenses, workers wages a corporaton keeps 300 milion net profit dickhead . BMW built in Germany $5000usd net profit left pelican

nice talking ,,, joined new friend ...

What about the Canaidan has invested into Asian stock market, but on dividend & Capital gain taxes been paid or deducted directly by the Tax authorities , and the money is re-invested ...

What happens to the debt built over the years of operating as a sole proprietor? Should it be transferred as well?

even you lease a car, you can request all amount of qst and gst taxes , if you pay 800 per month and real value of this car is 35 000 you can request full amount of taxes

This video is a good concise overview.

Formal request: please. change. camera. angles. more. often.

Hello, I'm in Mexico, I want to sell on Amazon Canada and I need a gst account to collect sales taxes same way for PST, can you help me to get these accounts?

Nice video.. Who’s that lady in the black and white stripe dress she’s thick!!!!❤️

Why are there no links to the other lessons?

How is it going, I have a question in regards to Sole Proprietor and Corp. I have my license as a contractor working as a sole proprietor. I also recently created a corp whereas I work for the corp as a sole proprietor. So rather than converting from sole proprietor to corp where I need to pay an extra $350 for a new license, I am working under the corp name. Meaning I use the company to charge an amount and then take out my profit or pay myself. Now the question that I have is that what is the process of hiring others under the companies name where they get paid as well.

what law facts that we have to file taxes? I'm currently an employee of the Canadian corporation I'm just curious.

Thanks for helping us to deal with the blood sucking CRA